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MIRA INFORM REPORT
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Report No. : |
509610 |
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Report Date : |
22.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SBI MUTUAL FUND |
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Registered
Office : |
9th Floor, Crescenzo, C-38 and 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra |
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Mobile No.: |
91-22-61793000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 (Unaudited) |
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Year of
Establishment : |
1987 |
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Capital Investment
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Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Trust |
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Line of Business
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Providing
mutual fund, portfolio management and advisory services. [From Indirect
Sources] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
SBI Mutual Fund is a bank sponsored fund house offering schemes such as Debt, Equity, Hybrid, Exchange-traded fund, Liquid schemes and fixed maturity plans. It also offers Portfolio Management and Advisory Services to financial institutions and asset management companies. The mutual fund scheme was launched in the year 1987 and the bank has its base in Mumbai (Maharashtra). The subject is a Joint Venture between SBI (63%) and Amundi India Holding (37%), a European asset management company.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term borrowing = A1+ |
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Rating Explanation |
Very strong degree and carry lowest credit risk |
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Date |
03.04.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 22.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-61793000]
LOCATIONS
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Registered Office : |
9th Floor, Crescenzo, C-38 and 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Tel. No.: |
91-22-61793000 |
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Fax No.: |
91-22-67425687 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Andaman and Nicobar Islands · Andhra Pradesh · Arunachal Pradesh · Assam · Bihar · Chandigarh · Chhattisgarh · Dadra and Nagar Haveli · Daman and Diu · Delhi · Goa · Gujarat · Haryana · Himachal Pradesh · Jammu and Kashmir · Jharkhand · Karnataka · Kerala · Lakshadweep · Madhya Pradesh · Maharashtra · Manipur · Meghalaya · Mizoram · Nagaland · Orissa · Pondicherry · Punjab · Rajasthan · Sikkim · Tamilnadu · Tripura · Uttar Pradesh · Uttarakhand · Telangana · West Bengal |
MANAGEMENT
[AS ON 30.06.2017]
BOARD OF DIRECTORS
OF SBI MUTUAL FUND TRUSTEE COMPANY PRIVATE LIMITED
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Name : |
Mr. Dhruv Prakash |
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Designation : |
Director |
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Name : |
Mrs. Manju Agarwal |
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Designation : |
Director |
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Name : |
Mr. Krishnamurthy Vijayan |
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Designation : |
Director |
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Name : |
Mr. Shriniwas Y. Joshi |
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Designation : |
Director |
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Name : |
Dr. Ashima Goyal |
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Designation : |
Director |
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Name : |
Mr. Richard Mendonca |
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Designation : |
Director |
BOARD OF DIRECTORS
OF SBI FUND MANAGEMENT PRIVATE LIMITED
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Name : |
Arundhati Bhattarcharya |
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Designation : |
Chairman |
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Name : |
Mr. Fathi Jerfel |
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Designation : |
Director |
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Name : |
Mr. Dinesh Kumar Khara |
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Designation : |
Director |
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Name : |
Mrs. Anuradha Rao |
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Designation : |
Managing Director & CEO |
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Name : |
Mr. Jashvant Raval |
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Designation : |
Director |
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Name : |
Mr. O. P. Gahrotra |
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Designation : |
Director |
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Name : |
Mr. Jean-Yves Glain |
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Designation : |
Director |
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Name : |
Mr. Shishir Joshipura |
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Designation : |
Director |
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Name : |
Dr. Prafulla Agnihotri |
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Designation : |
Director |
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Name : |
Mr. Nicolas Simon |
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Designation : |
Alternate Director to Mr. Fathi Jerfel |
BUSINESS DETAILS
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Line of Business : |
Providing
mutual fund, portfolio management and advisory services. [From Indirect
Sources] |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
Haribhakti and Company LLP Chartered Accountants |
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Address : |
Mumbai, Maharashtra, India |
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Membership No.: |
17000 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : [AS ON 31.03.2017] |
NOTE: Related Party Details File Attached |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NOTE: FINANCIAL DETAILS
FILE ATTACHED
LEGAL CASES
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Case Status |
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First Hearing Date: 05th May 2017 Next Hearing Date: 05th May 2017 Stage of Case: EVIDENCE OF APPELLANT Court Number and Judge: 30-(AD-HOC) ADDL. CIVIL JUDGE & JMFC |
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Petitioner and Advocate |
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JAYANT MODI CO. Address - |
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Respondent and Advocate |
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NIRMAL JAIN CO. PROPRIETOR MRS. VEENA N. JAIN Address - Advocate - M K SATHWARA SBI MUTUAL FUND Advocate-D T NANAVATI M/S. DATAMATIC FIANCIAL SERVICES LIMITED Advocate-D T NANAVATI |
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Acts |
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Case Transfer Details Between The Courts |
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LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners / Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
Yes |
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26 |
Turnover of firm for last three years |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
Yes |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
Yes |
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32 |
Litigations that the firm/promoter
involved in |
Yes |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any
of its beneficial owners, controlling shareholders or senior officers as
terrorist or terrorist organization or whom notice had been received that all
financial transactions involving their assets have been blocked or convicted,
found guilty or against whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 68.09 |
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1 |
INR 91.41 |
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Euro |
1 |
INR 79.93 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
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PRY |
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Report Prepared
by : |
ARC |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
YES |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors are as follows:
·
Financial condition covering various ratios
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·